No way on this earth will this ever be allowed to happen because of the implications of violent riots and mass mayhem , thi will and cannot happen take my owrd for it when they come to an agrement by thursday or at least on thursday, your making something out of nothing fucking retard. TAKE HEED THIS WILL AND CANNOT BE POSSIBLE AND WON'T HAPPEN ITS ALREADY BEEN SORTED BUT THE NEWS AS YET TO BE RELEASED TO YOU ARSEHOLES THE SHEEPLE, TRUST ME I KNOW WATCH AND SEE AND THEN COME BACK AND SAY I WAS RIGHT , GOD YOUR SUCH MORONS.

Quoting: Anonymous Coward 1474120

It can happen they are actually causing it to happen by their Keynesian economic ponzi scheme. The average life span of a fiat currency is about 78 years and then they crash and are worthless, so we are way overdue.

Quoting: WOMAN WHO RUNS W/ WOLVES

Unless they buy time through scaring the shit out of us...

America’s Current Economic Problems Invite Attack

“So you can understand why Al Qaeda, or any other terrorist organization motivated by the jihadist ideology, would see that America is highly vulnerable right now – perhaps more than it’s ever been - to an attack or attacks the impact or direct effect [of which] would be further depression of the US’s economy,” one of the counterterrorism officials said.

The other officials interviewed agreed. One explained: “Al Qaeda probably has never had a better point in time for attacking us in a way that would hit us hard economically.”

“And what’s scary is that that it can be any kind of attack," the official continued. "Certainly a catastrophic, mass casualty attack would have a dramatic impact on the economy, but so, too, would a coordinated small cell attack with automatic weapons at major amusement parks across the country.”

“Can you imagine what would happen if Disney’s amusement parks in Florida were attacked?” asked Laura Hains, a ranking Customs and Border Protection officer when she retired in 2008. “Florida’s economy would collapse.”

"A human being should be able to change a diaper, plan an invasion, butcher a hog, conn a ship, design a building, write a sonnet, balance accounts, build a wall, set a bone, comfort the dying, take orders, give orders, cooperate, act alone, solve equations, analyze a new problem, pitch manure, program a computer, cook a tasty meal, fight efficiently, die gallantly. Specialization is for insects."- Robert Heinlein, Time Enough for Love

You gotta love TPTB. A real one-trick pony, recycling the same pathetic power plays over & over & over again.

I'm no economist & I don't think I need to be, because here's what I think is happening...

The European Union & single currency were designed by the same club of greedy nihilistic psychopaths that gave us WWI, WWII etc. It was clear even to a total retard that lumping all of the wildly different economies of Europe into the same shitty basket would have one outcome... an unworkable & ultimately catastrophic failure. And that is exactly what is happening, right on schedule & according to plan.

Why? To create total chaos (Ordo Ab Chao isn't just some hoodoo- voodoo Cabalistic saying); they want total financial collapse not just of the European market but of the US & Far Eastern economies too. The only way to topple the the latter two is by driving a wedge into the works aka the Euro. This has the specific purpose of shaking up the status quo & resetting what they knew from the beginning would inevitably become a grossly bloated debt system (by design, to make money, secure natural resources & keep the working masses occupied with survival while scientific advances are made)

At the point we have reached now, there is only one way to go... bust. Throw all the pieces in the hat again, give them a shake, set each of us against the other & reap the profits of the ensuing war. And mark my words... a war there will be! That is also part of the plan... to reduce the similarly bloated numbers of people on the planet.

I really hope there are plenty of Chinese & Russians reading this, because we in the West can bet our asses that they are being set up too... as the enemy in the next fictitious war. Me, I refuse to play! And neither should you that are reading this.

Quoting: Anonymous Coward 993497

You're right, there will definitely be war. WW III is coming soon, imo.

Looks like this is it, folks. Full-scale systemic economic collapse may have just started. I would very much appreciate it if this thread was kept open for serious discussion.

Just out, 45 minutes ago, From Ambrose Evans Pritchard of the London Daily Telegraph, (Ambrose Evans-Pritchard is International Business Editor of The Daily Telegraph. He has covered world politics and economics for 30 years, based in Europe, the US, and Latin America. He joined the Telegraph in 1991, serving as Washington correspondent and later Europe correspondent in Brussels).

'...Europe's leaders have finally run out of time. If they fail to agree on some form of debt pooling and shared fiscal destiny at Thursday's emergency summit, they risk a full-fledged run on South Europe's bond markets and a disorderly collapse of monetary union...'

'...The International Monetary Fund said there is now "serious risk" of eurozone contagion with "large" potential knock-on effects worldwide. "Market participants remain unconvinced that a sustainable solution is at hand," it said.

Suki Mann from Societe Generale caught the mood in a note to clients, asking whether it is "all over". "Eurozone politicians don't – or don't want to – understand that the eurozone as we know it is on the precipice. Greece appears beyond repair, Italy is on the brink, and the chances are that the euro might be no more very soon," he said.

RBS fears that Europe is on the cusp of "system-wide convulsion" after yields on Spanish 10-year bonds reached post-EMU records of 6.34pc this week, and Italian yields topped 6pc. "We believe that Spain has entered the danger zone for yield levels," said Harvender Sian, the bank's credit strategist, who fears the "point-of-no-return" may be 6.5pc. "Given that Spain [and likely soon Italy] has entered this territory, there is a growing risk that a large systemic risk event is plausible in the near term and if not then in a matter of weeks."

The bank has called for a bail-out fund with €2 trillion of full lending power to stabilise the system, even if this risks pushing German debt levels above 110pc of GDP and causing apoplexy in the Bundestag.

The bond fund Pimco has its own idea: throwing Greece, Ireland and Portugal to the wolves, and concentrating €1 trillion in "overwhelming force" to defend Spain and Italy. That major players should utter such thoughts shows how fast events are moving.

For 18 months the EU has treated the serial crises on the EMU margins as liquidity headaches. It hoped that time would slowly lift the distressed debtors off the reefs, while the penal terms of "Ultima Ratio" attached to bailout loans would deter other EMU states from seeking help. "Shock and Awe" rhetoric would do the rest.

The strategy has failed because it did not acknowledge that the deeper crisis is a North-South structural gap that has left half the eurozone with variants of 1930s debt-deflation, a condition that cannot be solved by austerity measures or by any one country alone.

"We are approaching the endgame for this part of the European sovereign crises: the number of cans that now need kicking down the road would challenge the left foot of Lionel Messi," said Gary Jenkins from Evolution Securities. "The chances are that the EU will only take the step of fiscal union or common bond issuance at one minute to midnight on a weekend when it is clear that the system is close to collapse." ...'

For more, see link above

If you're in Europe, I recommend you get your savings somewhere safe right now.

Quoting: Intentionally Blank

Wait for a retrace then buy silver. and Go short the Euro. What a great opportunity this is , not only to make money but also to see the ushering in of a Resource Based Economy.

Probably should start Googling such phrases as "fuedal" "Knights in shining armour" "peasants" "serfs" "lord of the manor" and such.

The second born, usually unentitled sons, of the above settled the "Americas".

No offense to King George and Queen Elizabeth and all the other European reigning royalty...god bless their grasping little souls, but he was a first-born...as were the rest of the royals who reign. I think they are all German-Austrian born...Hapsburgs...or relics of same.

Quoting: Anonymous Coward 1100144

Them all looted the rest of the world for past four centuries. History is always a BIG cycle and Karma is a real biatch.

Looks like this is it, folks. Full-scale systemic economic collapse may have just started. I would very much appreciate it if this thread was kept open for serious discussion.

Just out, 45 minutes ago, From Ambrose Evans Pritchard of the London Daily Telegraph, (Ambrose Evans-Pritchard is International Business Editor of The Daily Telegraph. He has covered world politics and economics for 30 years, based in Europe, the US, and Latin America. He joined the Telegraph in 1991, serving as Washington correspondent and later Europe correspondent in Brussels).

'...Europe's leaders have finally run out of time. If they fail to agree on some form of debt pooling and shared fiscal destiny at Thursday's emergency summit, they risk a full-fledged run on South Europe's bond markets and a disorderly collapse of monetary union...'

'...The International Monetary Fund said there is now "serious risk" of eurozone contagion with "large" potential knock-on effects worldwide. "Market participants remain unconvinced that a sustainable solution is at hand," it said.

Suki Mann from Societe Generale caught the mood in a note to clients, asking whether it is "all over". "Eurozone politicians don't – or don't want to – understand that the eurozone as we know it is on the precipice. Greece appears beyond repair, Italy is on the brink, and the chances are that the euro might be no more very soon," he said.

RBS fears that Europe is on the cusp of "system-wide convulsion" after yields on Spanish 10-year bonds reached post-EMU records of 6.34pc this week, and Italian yields topped 6pc. "We believe that Spain has entered the danger zone for yield levels," said Harvender Sian, the bank's credit strategist, who fears the "point-of-no-return" may be 6.5pc. "Given that Spain [and likely soon Italy] has entered this territory, there is a growing risk that a large systemic risk event is plausible in the near term and if not then in a matter of weeks."

The bank has called for a bail-out fund with €2 trillion of full lending power to stabilise the system, even if this risks pushing German debt levels above 110pc of GDP and causing apoplexy in the Bundestag.

The bond fund Pimco has its own idea: throwing Greece, Ireland and Portugal to the wolves, and concentrating €1 trillion in "overwhelming force" to defend Spain and Italy. That major players should utter such thoughts shows how fast events are moving.

For 18 months the EU has treated the serial crises on the EMU margins as liquidity headaches. It hoped that time would slowly lift the distressed debtors off the reefs, while the penal terms of "Ultima Ratio" attached to bailout loans would deter other EMU states from seeking help. "Shock and Awe" rhetoric would do the rest.

The strategy has failed because it did not acknowledge that the deeper crisis is a North-South structural gap that has left half the eurozone with variants of 1930s debt-deflation, a condition that cannot be solved by austerity measures or by any one country alone.

"We are approaching the endgame for this part of the European sovereign crises: the number of cans that now need kicking down the road would challenge the left foot of Lionel Messi," said Gary Jenkins from Evolution Securities. "The chances are that the EU will only take the step of fiscal union or common bond issuance at one minute to midnight on a weekend when it is clear that the system is close to collapse." ...'

For more, see link above

If you're in Europe, I recommend you get your savings somewhere safe right now.

Quoting: Intentionally Blank

Wait for a retrace then buy silver. and Go short the Euro. What a great opportunity this is , not only to make money but also to see the ushering in of a Resource Based Economy.

"A human being should be able to change a diaper, plan an invasion, butcher a hog, conn a ship, design a building, write a sonnet, balance accounts, build a wall, set a bone, comfort the dying, take orders, give orders, cooperate, act alone, solve equations, analyze a new problem, pitch manure, program a computer, cook a tasty meal, fight efficiently, die gallantly. Specialization is for insects."- Robert Heinlein, Time Enough for Love

Looks like this is it, folks. Full-scale systemic economic collapse may have just started. I would very much appreciate it if this thread was kept open for serious discussion.

Just out, 45 minutes ago, From Ambrose Evans Pritchard of the London Daily Telegraph, (Ambrose Evans-Pritchard is International Business Editor of The Daily Telegraph. He has covered world politics and economics for 30 years, based in Europe, the US, and Latin America. He joined the Telegraph in 1991, serving as Washington correspondent and later Europe correspondent in Brussels).

'...Europe's leaders have finally run out of time. If they fail to agree on some form of debt pooling and shared fiscal destiny at Thursday's emergency summit, they risk a full-fledged run on South Europe's bond markets and a disorderly collapse of monetary union...'

'...The International Monetary Fund said there is now "serious risk" of eurozone contagion with "large" potential knock-on effects worldwide. "Market participants remain unconvinced that a sustainable solution is at hand," it said.

Suki Mann from Societe Generale caught the mood in a note to clients, asking whether it is "all over". "Eurozone politicians don't – or don't want to – understand that the eurozone as we know it is on the precipice. Greece appears beyond repair, Italy is on the brink, and the chances are that the euro might be no more very soon," he said.

RBS fears that Europe is on the cusp of "system-wide convulsion" after yields on Spanish 10-year bonds reached post-EMU records of 6.34pc this week, and Italian yields topped 6pc. "We believe that Spain has entered the danger zone for yield levels," said Harvender Sian, the bank's credit strategist, who fears the "point-of-no-return" may be 6.5pc. "Given that Spain [and likely soon Italy] has entered this territory, there is a growing risk that a large systemic risk event is plausible in the near term and if not then in a matter of weeks."

The bank has called for a bail-out fund with €2 trillion of full lending power to stabilise the system, even if this risks pushing German debt levels above 110pc of GDP and causing apoplexy in the Bundestag.

The bond fund Pimco has its own idea: throwing Greece, Ireland and Portugal to the wolves, and concentrating €1 trillion in "overwhelming force" to defend Spain and Italy. That major players should utter such thoughts shows how fast events are moving.

For 18 months the EU has treated the serial crises on the EMU margins as liquidity headaches. It hoped that time would slowly lift the distressed debtors off the reefs, while the penal terms of "Ultima Ratio" attached to bailout loans would deter other EMU states from seeking help. "Shock and Awe" rhetoric would do the rest.

The strategy has failed because it did not acknowledge that the deeper crisis is a North-South structural gap that has left half the eurozone with variants of 1930s debt-deflation, a condition that cannot be solved by austerity measures or by any one country alone.

"We are approaching the endgame for this part of the European sovereign crises: the number of cans that now need kicking down the road would challenge the left foot of Lionel Messi," said Gary Jenkins from Evolution Securities. "The chances are that the EU will only take the step of fiscal union or common bond issuance at one minute to midnight on a weekend when it is clear that the system is close to collapse." ...'

For more, see link above

If you're in Europe, I recommend you get your savings somewhere safe right now.

Quoting: Intentionally Blank

Wait for a retrace then buy silver. and Go short the Euro. What a great opportunity this is , not only to make money but also to see the ushering in of a Resource Based Economy.

On Tuesday night, diplomats in Brussels were warning of "bedlam" unless a deal is "more or less" sealed on Thursday...'

'...The crisis around Greek debt now poses "serious risks" that it will infect the region's core powerhouse economies, such as Greece and France, even if officials pursue a strategy aimed at avoiding a default by Athens, the IMF said...'

Looks like this is it, folks. Full-scale systemic economic collapse may have just started. I would very much appreciate it if this thread was kept open for serious discussion.

Just out, 45 minutes ago, From Ambrose Evans Pritchard of the London Daily Telegraph, (Ambrose Evans-Pritchard is International Business Editor of The Daily Telegraph. He has covered world politics and economics for 30 years, based in Europe, the US, and Latin America. He joined the Telegraph in 1991, serving as Washington correspondent and later Europe correspondent in Brussels).

'...Europe's leaders have finally run out of time. If they fail to agree on some form of debt pooling and shared fiscal destiny at Thursday's emergency summit, they risk a full-fledged run on South Europe's bond markets and a disorderly collapse of monetary union...'

'...The International Monetary Fund said there is now "serious risk" of eurozone contagion with "large" potential knock-on effects worldwide. "Market participants remain unconvinced that a sustainable solution is at hand," it said.

Suki Mann from Societe Generale caught the mood in a note to clients, asking whether it is "all over". "Eurozone politicians don't – or don't want to – understand that the eurozone as we know it is on the precipice. Greece appears beyond repair, Italy is on the brink, and the chances are that the euro might be no more very soon," he said.

RBS fears that Europe is on the cusp of "system-wide convulsion" after yields on Spanish 10-year bonds reached post-EMU records of 6.34pc this week, and Italian yields topped 6pc. "We believe that Spain has entered the danger zone for yield levels," said Harvender Sian, the bank's credit strategist, who fears the "point-of-no-return" may be 6.5pc. "Given that Spain [and likely soon Italy] has entered this territory, there is a growing risk that a large systemic risk event is plausible in the near term and if not then in a matter of weeks."

The bank has called for a bail-out fund with €2 trillion of full lending power to stabilise the system, even if this risks pushing German debt levels above 110pc of GDP and causing apoplexy in the Bundestag.

The bond fund Pimco has its own idea: throwing Greece, Ireland and Portugal to the wolves, and concentrating €1 trillion in "overwhelming force" to defend Spain and Italy. That major players should utter such thoughts shows how fast events are moving.

For 18 months the EU has treated the serial crises on the EMU margins as liquidity headaches. It hoped that time would slowly lift the distressed debtors off the reefs, while the penal terms of "Ultima Ratio" attached to bailout loans would deter other EMU states from seeking help. "Shock and Awe" rhetoric would do the rest.

The strategy has failed because it did not acknowledge that the deeper crisis is a North-South structural gap that has left half the eurozone with variants of 1930s debt-deflation, a condition that cannot be solved by austerity measures or by any one country alone.

"We are approaching the endgame for this part of the European sovereign crises: the number of cans that now need kicking down the road would challenge the left foot of Lionel Messi," said Gary Jenkins from Evolution Securities. "The chances are that the EU will only take the step of fiscal union or common bond issuance at one minute to midnight on a weekend when it is clear that the system is close to collapse." ...'

For more, see link above

If you're in Europe, I recommend you get your savings somewhere safe right now.

Quoting: Intentionally Blank

Wait for a retrace then buy silver. and Go short the Euro. What a great opportunity this is , not only to make money but also to see the ushering in of a Resource Based Economy.

It is but. what I mean is wait for a small retrace in the silver market then jump on to make some money coz as u well know we need that shit right now;money that is.

and if everything goes to shit at least you'll be short on the relevant currencies.Then you can buy a fortified four wheel drive fully functional for survival Bus and Run for the hills.

Quoting: Strut1eleven

I was just teasing.

"A human being should be able to change a diaper, plan an invasion, butcher a hog, conn a ship, design a building, write a sonnet, balance accounts, build a wall, set a bone, comfort the dying, take orders, give orders, cooperate, act alone, solve equations, analyze a new problem, pitch manure, program a computer, cook a tasty meal, fight efficiently, die gallantly. Specialization is for insects."- Robert Heinlein, Time Enough for Love